Tag Archives: Westchester

City’s largest window manufacturer is not moving out of Queens: CEO


| mchan@queenscourier.com

THE COURIER/File photo

The head of the city’s largest window manufacturer is refuting claims the Queens plant will hightail it out of the Big Apple.

Crystal [Window and Door Systems] is not moving,” CEO Steve Chen said. “The company’s headquarters and main production facility in the College Point Corporate Park in Queens will remain where it is for the foreseeable future.”

A news report, in a headline Wednesday, said the glass company was “moving due to city’s high costs.”

To clarify, Crystal officials said the 31-10 Whitestone Expwy. facility would stay the same, but they are considering expanding in Westchester.

“We already have other facilities in Chicago, California and even Missouri. We are just expanding,” said Steven Yu, the company’s marketing manager. “We are looking to add another plant.”

Chen said the company has explored expansion out of state, in the city and in other parts of Queens, but has not yet secured the right industrial site “at a cost effective price.”

“All of these expansion initiatives were intended to increase Crystal’s production capacity and have never been intended to replace the Queens facility,” the Crystal boss said.

The report also tied Chen’s decision not to expand in the city to Mayor Bill de Blasio’s efforts to increase minimum wages and mandate paid sick leave benefits.

But Yu said the company’s 380 employees all already earn above the proposed new minimum wage.

“Somehow the story got twisted,” he said.

 

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Sandy-damaged small businesses eligible for expedited, low interest loans


| ctumola@queenscourier.com

As businesses still struggle to rebuild following Sandy, the New York Bankers Association (NYBA) and the New York Business Development Corporation (NYBDC) have created a $10 million small business emergency fund providing immediate financial assistance for those affected by the superstorm, Governor Andrew Cuomo announced Wednesday.

“The banking industry understands that the quick recovery of small businesses will be key to the rebuilding of our neighborhoods. We are eager to help in this critical effort so that New York’s small business owners can get back to work, and back to providing goods and services to their communities,” said Michael P. Smith, president and CEO of NYBA.

Businesses in affected areas can apply for up to $25,000 in expedited loans that will be interest and payment-free for the first six months, then will have a one percent interest for the next two years.

But to be eligible for the loans, a business must be in New York City or Orange, Putnam, Rockland, Sullivan, Ulster, Westchester, Nassau and Suffolk counties, and have experienced direct damage or economic hardship as a result of Sandy.

Also, it must be independently owned, have fewer than 100 employees and have filed 2011 business tax returns.

To apply for a loan, visit www.esd.ny.gov or call 1-855-NYS-SANDY.